Brokerages Set Hyatt Hotels Corporation (NYSE:H) Target Price at $176.67

Hyatt Hotels Corporation (NYSE:H) has earned an average rating of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $176.6667.

A number of analysts have recently commented on H shares. The Goldman Sachs Group initiated coverage on shares of Hyatt Hotels in a research report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 price objective on the stock. Truist Financial upped their price target on shares of Hyatt Hotels from $168.00 to $181.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. JPMorgan Chase & Co. upped their price target on shares of Hyatt Hotels from $178.00 to $179.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Evercore reaffirmed an “in-line” rating and set a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a research report on Thursday, January 22nd.

Hyatt Hotels Stock Performance

Shares of H stock opened at $145.79 on Friday. The company’s fifty day simple moving average is $155.39 and its 200-day simple moving average is $155.07. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. The firm has a market cap of $13.77 billion, a PE ratio of -260.34, a P/E/G ratio of 1.69 and a beta of 1.28. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $180.53.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $1.04. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Equities research analysts expect that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is -107.14%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $147.28, for a total transaction of $58,912.00. Following the sale, the insider directly owned 545 shares of the company’s stock, valued at approximately $80,267.60. This represents a 42.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Hyatt Hotels by 0.8% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock worth $1,339,000 after buying an additional 72 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Hyatt Hotels by 18.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock valued at $74,000 after acquiring an additional 72 shares during the period. Allworth Financial LP raised its holdings in Hyatt Hotels by 17.8% in the 3rd quarter. Allworth Financial LP now owns 483 shares of the company’s stock valued at $69,000 after acquiring an additional 73 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Hyatt Hotels by 3.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock worth $372,000 after acquiring an additional 79 shares during the last quarter. Finally, New England Research & Management Inc. boosted its holdings in shares of Hyatt Hotels by 0.3% during the third quarter. New England Research & Management Inc. now owns 23,351 shares of the company’s stock worth $3,314,000 after acquiring an additional 80 shares during the period. 73.54% of the stock is owned by institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.